Construction is about to begin, setting a new trend for Saskatoon. A new mixed-use development is going to be built in Saskatoon’s Willowgrove area located in Willowgrove Square. Phase one for the mixed-use three storey building, named The Myriad, will house 25 residential and commercial units as well as a food court.
The Myriad will offer office space on the 2nd floor, retail space on the main, and townhouse style condos on the third floor. Each comes with surface parking and a basement storage area.
This project has close ties with Chinese investors and over 70 per cent of phase one’s spaces have already been purchased by Saskatoon residents and Chinese immigrants.
Completion for the project’s phase one should be done next spring. Completion for phase two is scheduled to be the end of 2016. It will be similar to the first phase but three times the size.
Mixed-use developments are relatively new to Saskatoon. The Banks, a project in Riversdale, features a similar opportunity for commercial and residential units housed in one space. The growing number of investment opportunities in Saskatoon just go to show you how just how much Saskatoon’s economy is thriving.
If you have questions about either of the projects at The Myriad or The Banks, please contact me and I’d be happy to find out more information.
Saskatoon real estate agent
Century 21 Fusion